SIMON MANAGEMENT: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SIMON MANAGEMENT
Largest movements
- Cash -€59,586
down €59,586 (-79.0%), from €75,460 to €15,874
mainly Other debts (-€80,341) and Contributions, distributions and other (-€19,760)
- Other debts -€80,341
down €80,341 (-70.7%), from €113,673 to €33,333
- Reserves +€54,000
up €54,000 (+225.0%), from €24,000 to €78,000
- Profit (loss) carried forward -€19,116
down €19,116 (-96.7%), from €19,760 to €644
- Debts after one year -€15,284
down €15,284 (-40.4%), from €37,788 to €22,504
- Gross operating margin +€47,141
up €47,141 (+76.4%), from €61,676 to €108,817
- Taxes +€14,796
up €14,796 (+121.6%), from €12,169 to €26,965
- Depreciation +€2,374
up €2,374 (+14.0%), from €16,947 to €19,321
- Other operating charges -€1,266
down €1,266 (-23.1%), from €5,473 to €4,207
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €261,270 | €201,854 | -€59,416 | -22.7% |
| Fixed assets | 21/28 | €164,726 | €163,802 | -€925 | -0.6% |
| Tangible fixed assets | 22/27 | €53,926 | €53,002 | -€925 | -1.7% |
| Furniture and vehicles | 24 | €53,926 | €16,161 | -€37,765 | -70.0% |
| Leasing and similar rights | 25 | - | €36,840 | +€36,840 | |
| Financial fixed assets | 28 | €110,800 | €110,800 | = | 0.0% |
| Current assets | 29/58 | €96,544 | €38,053 | -€58,491 | -60.6% |
| Amounts receivable within one year | 40/41 | €21,084 | €22,078 | +€995 | +4.7% |
| Trade receivables | 40 | €15,464 | €16,226 | +€762 | +4.9% |
| Other amounts receivable | 41 | €5,620 | €5,852 | +€232 | +4.1% |
| Cash at bank and in hand | 54/58 | €75,460 | €15,874 | -€59,586 | -79.0% |
| Deferred charges and accrued income | 490/1 | - | €100 | +€100 | |
| Total equity and liabilities | 10/49 | €261,270 | €201,854 | -€59,416 | -22.7% |
| Equity | 10/15 | €62,352 | €97,236 | +€34,884 | +55.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €24,000 | €78,000 | +€54,000 | +225.0% |
| Distributable reserves | 133 | €24,000 | €78,000 | +€54,000 | +225.0% |
| Profit (loss) carried forward | 14 | €19,760 | €644 | -€19,116 | -96.7% |
| Amounts payable | 17/49 | €198,918 | €104,618 | -€94,299 | -47.4% |
| Amounts payable after more than one year | 17 | €37,788 | €22,504 | -€15,284 | -40.4% |
| Financial debts | 170/4 | €37,788 | €22,504 | -€15,284 | -40.4% |
| Amounts payable within one year | 42/48 | €161,130 | €82,114 | -€79,015 | -49.0% |
| Current portion of amounts payable after more than one year | 42 | €14,701 | €15,284 | +€583 | +4.0% |
| Trade debts | 44 | €2,409 | €2,257 | -€152 | -6.3% |
| Suppliers | 440/4 | €2,409 | €2,257 | -€152 | -6.3% |
| Taxes, remuneration and social security | 45 | €30,346 | €31,240 | +€895 | +2.9% |
| Taxes | 450/3 | €26,688 | €27,558 | +€870 | +3.3% |
| Remuneration and social security | 454/9 | €3,658 | €3,682 | +€24 | +0.7% |
| Other amounts payable | 47/48 | €113,673 | €33,333 | -€80,341 | -70.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,947 | €19,321 | +€2,374 | +14.0% |
| Other operating charges | 640/8 | €5,473 | €4,207 | -€1,266 | -23.1% |
| Non-recurring operating charges | 66A | - | €1,356 | +€1,356 | |
| Gross operating margin | 9900 | €61,676 | €108,817 | +€47,141 | +76.4% |
| Operating profit (loss) | 9901 | €39,256 | €83,934 | +€44,678 | +113.8% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €2,608 | €2,325 | -€284 | -10.9% |
| Recurring financial charges | 65 | €2,608 | €2,325 | -€284 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €36,647 | €81,609 | +€44,962 | +122.7% |
| Income taxes | 67/77 | €12,169 | €26,965 | +€14,796 | +121.6% |
| Profit (loss) for the period | 9904 | €24,478 | €54,644 | +€30,166 | +123.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,478 | €54,644 | +€30,166 | +123.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.